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Posts tagged "suitability"

Was My Broker's Recommendation Suitable for Me?

You get a call from your stockbroker saying he's found an incredible buying opportunity for you - an undervalued penny stock, a private placement, a non-public REIT or the like. After giving you some more details on why he recommends adding this new investment to your portfolio, you agree to make the purchase. A few months or a year goes by and suddenly that fantastic investment isn't performing like your broker said it would. It's become a huge drain on your portfolio and the money you were relying on for a family vacation, a new car or retirement has vanished.